Being getting quite bored trading, so I have decided to begin this diary! We will see where it goes.
Just a little bit about the way I trade: I do not use any indiors in any way. I will use some trend lines or legitimate and plausible chart patterns (HS, flags, double shirt, etc).
My trading success will be as a result of strict money management, stiff stop losses (I really like the hedging stop loss egy that Jacko talked about in his thread), and finally long term trend trading. I will be seeing EUR/USD, GBP/USD, XAU/USD, USD/JPY, USD/CAD, USD/CHF, and also some other applicable crosses.
Less or more I have a limitation on reduction, while letting profits operate on...which theoretically sets you from the green.
(Ill risk 5% max each trade, yea I know its a little much, however I'm trading on a bankroll obtained mostly from trading, and as a school student, I will sustain bigger risks because of my nearly non-existent Financial duties )
I'm using 50:1 leverage and trading mini-lots. Bankroll is hovering around 21k.
Don't hesitate to come post anything you like, criticize, comment, anything! I would especially like feedback on my risk tolerance...so please come post....seasoned traders and newbie's alike!